Student DC Archives - Page 26 of 28 - Chiropractic Economics

Home-base practice: a low-cost startup alternative

Student DC March 19, 2019

Many chiropractors have found that a home-based practice fits their lifestyle and their wallet. If you are considering a home-based practice, there are some factors you should consider and some specific tasks you will need to include in your startup projects: * Location, location, location. As with all real estate, finding the right location for […]

Begin with the end in mind: start planning for practice in your first term

Student DC March 19, 2019

In his book The Seven Habits of Highly Effective People, Stephen Covey calls Habit 2, “Begin with the End in Mind.” By this he means that you must keep your goal in sight as you move toward it. He says that all things are created twice: once mentally (in your mind) and then physically (in […]

Get free training and personal assistance from SBA

Student DC March 19, 2019

If you want help with your business plan or you are struggling with practice startup issues, or you just want to know more about the process of starting into practice, you can get help from the Small Business Administration and its partners. • Visit a virtual campus. The SBA has an online program called the […]

How to talk to a banker: 6 ways to win points with your financier

Student DC March 19, 2019

You are ready to take your business plan to a bank. But you have never actually had a conversation with a business banker before. What do you say? What do you bring? What can you expect? Here are some planning tips. 1. Dress professionally. You don’t necessarily need to wear a business suit, but no […]

Pros and cons of specializing

Student DC March 19, 2019

Some chiropractors specialize; others do not. Some chiropractors in practice say specializing is “the only way to go,” while others say they believe in being generalists. What are the advantages and disadvantages of specializing? ADVANTAGES OF SPECIALIZING “¢ If you specialize in one technique, you should become very good at it. You will learn your […]

Considering an independent contractor agreement

Student DC March 19, 2019

If the prospect of setting up your own office and finding a loan appears overwhelming, you may want to consider becoming an independent contractor (IC). This option gives you the benefits of owning your own business and bringing in your own patients, while keeping your startup costs low by working within another office and using […]

It’s a great time to be a chiropractor

Student DC March 19, 2019

Chiropractic practices and other healthcare practices are listed as the fifth most profitable type of business by Forbes Magazine. The magazine used “average pre-tax margin” as its benchmark, stating that chiropractic practices have an average pre-tax margin of 17.5 percent. The article also stated that chiropractors have the advantage of working outside the health insurance/HMO […]

Non-chiropractic training and seminars

Student DC March 19, 2019

Consider non-chiropractic training and seminarsMany chiropractors spend much time and money listening to other chiropractors talk about how to be successful. That’s a good way to learn new skills and become inspired to higher levels of performance, but many non-chiropractic speakers and training sessions can also give you a new look at your potential and […]

The benefits of a business plan

Student DC March 19, 2019

Writing a well developed and organized business plan dramatically increases your odds of succeeding as an entrepreneur. The benefits of a business plan include: “¢ Determining whether your business has a chance of making a good profit; “¢ Providing an estimate of your startup costs, and how much you’ll need to invest or finance; “¢ […]

Educating your patients about the benefits of chiropractic

Student DC March 19, 2019

From the day I set foot onto the Palmer West campus, chiropractic education has been on my mind constantly. Even when I am not practicing, opportunities arise for me to talk about what I do as a chiropractor. Talking to people has nothing to do with trying to sell them anything. It involves wanting to […]

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